Freeman

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Epic Fail: 100 Years of the Fed

How monetary nationalism wrought havoc, but cryptocurrency can save us

DECEMBER 17, 2014 by JEFFREY A. TUCKER

For a hundred years, central bankers have tried to bring scientific management to money. And in that time, we've seen a string of failures. Can cryptocurrency replace this monstrous system?

Does Government Spending Boost the Economy?

Stimulus boosters assume their conclusions

DECEMBER 17, 2014 by ROBERT P. MURPHY

Don't trust empirical "proof" when the alleged evidence assumes as true the very issue under dispute.

10 Charts to Brighten Your Century

Sometimes the hysteria just isn’t backed by the data

DECEMBER 16, 2014 by MAX BORDERS

Here are 10 examples of popular, explosive narratives that, when considered through a more dispassionate lens, get defused.

The Police Need Competition

It is time we applied the fundamental lesson of competition to our supposed protectors

DECEMBER 16, 2014 by JULIAN ADORNEY

Competition forces organizations to improve their services, and the police could really use improvement.

Kickstarting It Old School

Crowdfunding may seem new, but it has a long history

DECEMBER 15, 2014 by IAIN MURRAY

Peer-to-peer lending and crowdfunding platforms represent the first steps in restoring American finance's innovative spirit.

The Holiday That Isn't

A "Bill of Rights Day" Is Not on the Calendar

DECEMBER 15, 2014 by LAWRENCE W. REED

A free people don't have to wait for Congress to declare a holiday. We can celebrate now.

The System Protects the System

The problem is not just benighted cops, but overcriminalization

DECEMBER 10, 2014 by MICHAEL MUNGER

Decriminalize normal, nonviolent activity, and the police will have fewer excuses to harass people they don't like -- people who often can't fight back.

Fifty More Ways to Leave Leviathan

Innovation and entrepreneurship can make you freer

DECEMBER 09, 2014 by MAX BORDERS, JEFFREY A. TUCKER

This "50 ways" phenomenon is the mechanism by which humanity evolves away from power and toward peaceful and voluntary cooperation.

Improve Thyself

You are your most important project for liberty

DECEMBER 08, 2014 by JACOB H. HUEBERT

Leonard Read called for every libertarian to focus on the one unit of society he is certainly capable of improving: himself.

The Laffer Curve: Will Tax Cuts Pay for Themselves?

“Voodoo economics” versus straw-man arguments

DECEMBER 03, 2014 by ROBERT P. MURPHY

Those who deride the theoretical apparatus of supply-side economics -- the Laffer curve -- are attacking straw men.

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CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Essential Works from FEE

Economics in One Lesson (full text)

By HENRY HAZLITT

The full text of Hazlitt's famed primer on economic principles: read this first!


By FREDERIC BASTIAT

Frederic Bastiat's timeless defense of liberty for all. Once read and understood, nothing ever looks the same.


By F. A. HAYEK

There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


By JEFFREY A. TUCKER

Leonard Read took the lessons of entrepreneurship with him when he started his ideological venture.


By LEONARD E. READ

No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)